The Providence Service Co. (PRSC) Shares Bought by Neumeier Poma Investment Counsel LLC

Neumeier Poma Investment Counsel LLC boosted its stake in The Providence Service Co. (NASDAQ:PRSC) by 8.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 272,595 shares of the company’s stock after buying an additional 21,825 shares during the period. Neumeier Poma Investment Counsel LLC owned approximately 2.02% of The Providence Service worth $12,114,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in PRSC. BlackRock Fund Advisors raised its stake in shares of The Providence Service by 9.7% in the third quarter. BlackRock Fund Advisors now owns 910,287 shares of the company’s stock valued at $44,267,000 after buying an additional 80,235 shares in the last quarter. Comerica Bank raised its stake in shares of The Providence Service by 112.3% in the fourth quarter. Comerica Bank now owns 52,467 shares of the company’s stock valued at $2,047,000 after buying an additional 27,750 shares in the last quarter. SECOR Capital Advisors LP raised its stake in shares of The Providence Service by 47.5% in the third quarter. SECOR Capital Advisors LP now owns 44,143 shares of the company’s stock valued at $2,147,000 after buying an additional 14,224 shares in the last quarter. BlackRock Investment Management LLC raised its stake in shares of The Providence Service by 2.2% in the third quarter. BlackRock Investment Management LLC now owns 56,568 shares of the company’s stock valued at $2,751,000 after buying an additional 1,197 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of The Providence Service by 10.7% in the third quarter. Teachers Advisors LLC now owns 38,250 shares of the company’s stock valued at $1,860,000 after buying an additional 3,683 shares in the last quarter. Institutional investors own 95.92% of the company’s stock.

Institutional Ownership by Quarter for The Providence Service (NASDAQ:PRSC)

Shares of The Providence Service Co. (NASDAQ:PRSC) traded down 0.65% during midday trading on Wednesday, reaching $47.17. The company’s stock had a trading volume of 86,452 shares. The Providence Service Co. has a 52 week low of $34.88 and a 52 week high of $50.30. The stock has a 50-day moving average price of $44.89 and a 200 day moving average price of $41.20. The stock has a market capitalization of $635.24 million, a PE ratio of 9.96 and a beta of 0.97.

The Providence Service (NASDAQ:PRSC) last released its quarterly earnings data on Tuesday, May 9th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $399.50 million for the quarter, compared to analyst estimates of $386.14 million. The Providence Service had a net margin of 3.90% and a return on equity of 11.59%. The Providence Service’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.48 EPS. Equities analysts forecast that The Providence Service Co. will post $1.35 earnings per share for the current year.

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PRSC has been the subject of several research analyst reports. Avondale Partners lowered The Providence Service from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 31st. Zacks Investment Research upgraded The Providence Service from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research note on Wednesday, March 15th.

In related news, Director Richard A. Kerley sold 4,000 shares of The Providence Service stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $44.79, for a total transaction of $179,160.00. Following the completion of the sale, the director now owns 36,652 shares of the company’s stock, valued at $1,641,643.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 14.40% of the stock is currently owned by company insiders.

About The Providence Service

The Providence Service Corporation (Providence) is a holding company. The Company, through its subsidiaries, is engaged in the provision of healthcare and workforce development services for public and private sector entities. The Company’s segments include Non-Emergency Transportation Services (NET Services), Workforce Development Services (WD Services) and Matrix Investment.

12 Month Chart for NASDAQ:PRSC

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